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Enterprise Products plans to invest $5 billion in new U.S. ethylene plant

 Last Update: 2022-10-08
 Source: Internet
 Author: User

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Sinochem News reported on June 15 that American Chemical Weekly reported that Enterprise Products is evaluating a $5 billion ethane cracker near Beaumont, Texas

In December, the co-CEO of Enterprise Products and the company's senior vice president of petrochemicals said the company had been considering building a cracker to supply derivatives producers who didn't want to build their own

Enterprise Products currently has no ethylene production assets, but operates an ethylene export terminal and storage and pipeline assets that serve as an open market storage and trading hub for ethylene manufacturers

Current Enterprise Products' Beaumont Ocean West Terminal includes three deepwater terminals and a barge terminal, facilitating the import and export of crude oil and related products

The company operates an ethylene export terminal at the Houston Ship Channel's Morgan's Point facility with a design capacity of 1 million tons/year of ethylene

Enterprise Products has told investors that U.

Other midstream oil and gas companies are also considering entering ethylene production

In March, Houston-based KBR announced that it had won a contract from an undisclosed oil and gas midstream company to build a world-scale olefins unit in the United States

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